Dutch home prices further up in February

Dutch home prices further up in February

Home prices in the Netherlands continued appreciating in February 2015, with home sales also ticking up. That’s according to new figures released by Statistics Netherlands.

Prices of owner-occupied houses, excluding new constructions, were on average 2.4 percent higher in February 2015 than in February 2014. House prices have been above the level of the same month one year previously for almost a year now, according to the price index of owner-occupied houses – a joint publication by Statistics Netherlands (CBS) and the Land Registry Office.

Prices 3.9 percent up from the dip in June 2013
The average price level of owner-occupied houses in February is approximately the same as in July 2003. In June 2013, Dutch house prices reached a low, but since then the trend has been slightly upward. House prices were 3.9 percent higher in February 2015 than in June 2013, but they were 18.4 percent below the record level reached in August 2008.

According to figures released by the Dutch Land Registry Office last Tuesday, 11,697 houses were sold in February, an increase of nearly 17 percent from February 2014. In the first two months of this year, 21,134 homes were sold, i.e. an increase by nearly 12 percent compared to one year previously.

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